#BTCPrediction Bitcoin is indeed stealing the show with its impressive 4.18% surge in the last 24 hours, reaching $110,935 with a substantial $78.06 billion trading volume. Let's break down the technical indicators ¹:

- *RSI (Relative Strength Index)*: At 74.89, Bitcoin is considered overbought, which might lead to a potential pullback. However, high RSI values can persist for extended periods during strong uptrends.

- *50-day SMA (Simple Moving Average)*: Rising 50-day SMA indicates a short-term uptrend, supporting the bullish sentiment.

- *Cup-and-Handle Pattern*: This pattern suggests a potential climb to $120K-$130K by June, aligning with the Binance price prediction analysis.

Given these indicators, it's possible Bitcoin will continue its upward trend. However, the market is known for its volatility, and a pullback is possible if the RSI cools down. Keep an eye on the market and adjust your strategies accordingly.

*Key Price Levels to Watch:*

- *Support*: $110,272.72 (recent low)

- *Resistance*: $111,980 (recent high)

*Market Performance:*

- *Market Cap*: $2.12 trillion

- *Current Price*: $110,622.10

Considering these factors, investors should stay informed and adapt to changing market conditions ¹.